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DocGo Inc. - DCGO STOCK NEWS

Welcome to our dedicated page for DocGo news (Ticker: DCGO), a resource for investors and traders seeking the latest updates and insights on DocGo stock.

DocGo Inc. (DCGO) is a prominent provider of mobile medical services and transportation across 26 US states and the United Kingdom. The company specializes in delivering last-mile mobile health services and integrated medical mobility solutions, ensuring quality healthcare access wherever it's needed. DocGo operates through three primary segments: Mobile Health Services, Transportation Services, and Corporate, with Mobile Health Services being the most significant revenue contributor.

DocGo's Mobile Health Services segment encompasses a wide range of medical offerings, including on-site health assessments, remote patient monitoring, and urgent care. These services aim to bridge the gap between traditional healthcare facilities and patients, providing timely and efficient care right at the patient's location.

The Transportation Services segment focuses on non-emergency medical transportation, ensuring patients can safely travel to and from healthcare appointments. This segment is essential for maintaining consistent patient care, particularly for individuals with mobility challenges or those requiring specialized transport vehicles.

DocGo's Corporate segment manages administrative functions and strategic initiatives, supporting the operational efficiency and growth of the company's primary services. Recent achievements for DocGo include expanding its service areas, integrating advanced technology in patient care, and forming strategic partnerships with notable healthcare providers to enhance service delivery and patient outcomes.

Financially, DocGo has demonstrated steady growth, bolstered by its diversified service offerings and commitment to innovation in healthcare delivery. The company's focus on expanding its footprint and leveraging technology positions it to continue thriving in the dynamic healthcare sector.

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DocGo's staffing division Rapid Temps earns The Joint Commission's Gold Seal of Approval for Health Care Staffing Services Certification
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DocGo Inc. receives Great Place To Work® certification for the second time
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DocGo's UK subsidiary, Ambulnz Community Partners, has been awarded a 5-year contract to provide emergency and urgent ambulance services for South Central Ambulance Service NHS Foundation Trust. The contract includes 16 ambulances per day and will begin in October.
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Ambulnz by DocGo solidifies its position as one of the largest ambulance providers in Philadelphia with a three-year contract to provide medical transportation service to Main Line Health's five-hospital system. Ambulnz estimates it will transport more than 12,000 Main Line Health patients annually and expects to transport over 75,000 Pennsylvania patients annually. Ambulnz will commit an initial fleet of 10 ambulances and 8 wheelchair vans to Main Line Health's hospitals. The expansion also includes the integration of Ambulnz's transportation scheduling and tracking system platform with hospital electronic medical records, allowing real-time tracking of vehicles. DocGo can also offer remote patient monitoring clinical services and devices to Main Line Health's network.
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DocGo Inc.'s UK-based subsidiary, Ambulnz Community Partners, has added six electric ambulances to their fleet through a partnership with Stockport NHS Foundation Trust. The first electric ambulance is now in operational service, helping Stockport NHS Foundation Trust towards its Green Plan targets. The electric ambulances have the same capabilities as diesel ambulances, a range of approximately 120 miles, and cost less to run and maintain. This move aligns with the NHS's commitment to reducing carbon emissions. DocGo's UK operations include 15 locations, 711 staff members, and approximately 348 ambulances.
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DocGo appoints Lee Bienstock as CEO, effective September 15, 2023. Bienstock has led rapid growth since joining in March 2022. Company well-positioned for innovation and growth.
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DocGo Inc CEO to present at investor conferences in September 2023
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DocGo Inc. raises 2023 revenue guidance to $540-$550 million and increases adjusted EBITDA guidance to $48-$53 million. Q2 2023 total revenue was $125.5 million, up 53% YoY excluding mass COVID-testing revenue. Gross margin for Q2 2023 was 33.4%. Net income was $1.3 million for Q2 2023. Mobile Health revenue for Q2 2023 was $80.1 million. Transportation Services revenue in Q2 2023 was $45.4 million. Current backlog increased to $325 million. Company holds total cash of $123.8 million. Signed contract with New York City’s Department of Housing Preservation and Development for $432 million. Awarded “Best Overall Mobile Health Solution” recognition. Announced strategic mobile health agreement with Fresenius Medical Care. Full-year 2023 revenue guidance increased to $540-$550 million. Full-year 2023 Adjusted EBITDA guidance increased to $48-$53 million.
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FAQ

What is the current stock price of DocGo (DCGO)?

The current stock price of DocGo (DCGO) is $3.49 as of November 4, 2024.

What is the market cap of DocGo (DCGO)?

The market cap of DocGo (DCGO) is approximately 362.7M.

What services does DocGo Inc. provide?

DocGo Inc. offers mobile medical services, including on-site health assessments, remote patient monitoring, and urgent care. They also provide non-emergency medical transportation.

In which regions does DocGo Inc. operate?

DocGo Inc. operates in 26 US states and the United Kingdom.

What are the main segments of DocGo Inc.?

DocGo Inc. operates through three segments: Mobile Health Services, Transportation Services, and Corporate.

What is the primary revenue-generating segment for DocGo Inc.?

The primary revenue-generating segment for DocGo Inc. is Mobile Health Services.

What recent achievements has DocGo Inc. accomplished?

DocGo Inc. has expanded its service areas, integrated advanced technology in patient care, and formed strategic partnerships with healthcare providers.

What is the focus of DocGo Inc.'s Transportation Services segment?

The Transportation Services segment focuses on non-emergency medical transportation, ensuring safe travel for patients to and from healthcare appointments.

How does DocGo Inc. support operational efficiency?

DocGo Inc.'s Corporate segment manages administrative functions and strategic initiatives to support operational efficiency and growth.

How has DocGo Inc. demonstrated financial growth?

DocGo Inc. has shown steady financial growth through its diversified services and innovation in healthcare delivery.

What is the significance of DocGo Inc.'s expanded service footprint?

The expanded service footprint allows DocGo Inc. to provide timely and efficient healthcare to a broader population, enhancing access to medical services.

How does technology play a role in DocGo Inc.'s services?

DocGo Inc. leverages advanced technology in patient care to improve service delivery and patient outcomes, making healthcare more accessible and efficient.

DocGo Inc.

Nasdaq:DCGO

DCGO Rankings

DCGO Stock Data

362.71M
102.32M
9.88%
54.24%
7.12%
Medical Care Facilities
Services-health Services
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United States of America
NEW YORK